Friday, March 30, 2012

Direct Insite Reports 2011 Year End Results; Revenue of $8,565,000

SUNRISE, Fla., March 30, 2012 /PRNewswire/ -- Direct Insite Corp. (OTC BB: DIRI.OB), a global provider of financial supply chain automation across procure-to-pay and order-to-cash business processes, today announced financial results for the year ended December 31, 2011.  Total revenue for the year ended December 31, 2011 was $8,565,000, a decrease of $487,000 or 5.4% from revenue of $9,052,000 in 2010.  Recurring revenue for the year 2011 was $7,656,000, a 6.2% decrease from recurring reven...continued
     

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